Nearly every humanities field was already desperately competitive, with hundreds of applications from qualified candidates for every tenure-track position. Now the situation is becoming even worse. For example, the American Historical Association's job listings are down 15 percent and the Modern Language's listings are down 21 percent, the steepest annual decline ever recorded. Apparently, many already-launched candidate searches are being called off; some responsible observers expect that hiring may be down 40 percent this year.
What is 40 percent worse than desperate?
The majority of job seekers who emerge empty-handed this year will return next year, and for several years after that, and so the competition will snowball, with more and more people chasing fewer and fewer full-time positions.
Meanwhile, more and more students are flattered to find themselves admitted to graduate programs; many are taking on considerable debt to do so. According to the Humanities Indicators Project of the American Academy of Arts and Sciences, about 23 percent of humanities students end up owing more than $30,000, and more than 14 percent owe more than $50,000.